A Gross Split's Conventional Working Area of Oil and Gas is Signed

THE MINISTRY OF ENERGY AND MINERAL RESOURCES

REPUBLIC OF INDONESIA

PRESS RELEASE

NUMBER: 611.Pers/04/SJI/2019

DATE: OCTOBER 14TH 2019

A GROSS SPLIT'S CONVENTIONAL WORKING AREA OF OIL AND GAS IS SIGNED

Located at Damar Room's The Ministry of Energy and Mineral Resources (EMR) Building, Monday (14/10), Vice Minister of EMR Arcandra Tahar witnessed the signing of Gross Split's Contract with regular bit for Conventional Working Area, that was Selat Panjang Working Area (WA) between Special Task Force for Upstream Oil and Gus Business Activites (SKK Migas) and the contractors.

The bit of Selat Panjang WA was done on phase I 2019, February - April 2019 and the winner already announced on May 6th, 2019. Selat Panjang WA is located in Riau for 20 years contracts.

For the details of of WA is listed below:

No.	Working Area	Contractor	Firm Commitment
1	Selat Panjang	- PT Sumatra Global Energi -Zamatra Bakau Straits Ltd	Firm Commitment 5 Early Years G & G; Data Acquisition 2D Seismic 500 km; 3D Seismic Data Acquisition 200 km2; and 6 exploration well with total investment worth USD 74.000.000 Signature Bonus : USD 5.000.000

Total commitment invested on exploration and firm commitment from this Gross Split's Contract between Selat Panjang WA is USD 74.000.000 with USD 5.000.000 signature bonus.

With today's signing, there are 5 contractors' Conventional WA of oil and gas have been signed on 2019 with Gross Split's scheme.

For information, 4 regular bit of Conventional Oil and Gas WA Phase III 2019 (East Gebang, Belayan I, West Tanjung I, and Cendrawasih VIII) are still going on until the end of deadline, October's 25th 2019.

Head of Bureau of Communication, Public Information Service, and Cooperation

Agung Pribadi (08112213555)

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